Under the Income Tax Act, Form 16, 16A, and 16B refer to TDS certificates issued by the deductor to the deductee, which certify that tax has been deducted.
The requirement of documents is dependent upon the constitution of the business. Let us understand the documents required for the different types of GST Registrations.
As per Notification number 82/2020 dt. Nov 10, 2020, an auto-drafted statement containing the details of ITC shall be made available to the registered person in FORM GSTR-2B.
In the middle of a cold war between the CA Students and ICAI, the Nov 2020 exams began on 21st Nov 2020. Let us understand the views of the students regarding the arrangements made by ICAI.
The procedural requirements in case an inter-state transaction is wrongly treated intra-state or vice-versa, increase. Therefore, determining the place of supply is of paramount importance.
CA Inter Accounts (New Course) Exam this time was a 16-page Ques Paper, thus, a lengthy one. However, the level of the exam was not very difficult. Difficulty Level - Moderate.
The GST Law mandates TDS u/s 51 of the CGST/SGST Act 2017, u/s 20 of the IGST Act, 2017, and u/s 21 of the UTGST Act, 2017. The GST Council also recommended the introduction of TDS from 01.10.2018.
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The sharing of the income tax returns with the service tax, central excise, and VAT authorities has been a long drawn exercise with the last arrangement agreed in 2015.
A registered person who is required to furnish a return in FORM GSTR-3B, and who has an aggregate turnover of up to 5 crore rupees in the preceding FY, is eligible for the QRMP Scheme.
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)